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Airborne Magnetics Identify Potential Strand Lines
Airborne Magnetics Identify Potential Strand Lines.
About this update from Savannah Resources Plc
[{"type":"text","content":"\n \nRNS Number : 4354K Savannah Resources PLC 25 June 2014 \n \n\nSavannah Resources Plc / Index: AIM / Epic: SAV / Sector: Mining\n25 June 2014\nSavannah Resources Plc\nAirborne Magnetics Identify Multiple Potential Strand Lines - Jangamo Project\n \nSavannah Resources plc (AIM: SAV) announces that it has received preliminary results from the recent airmagnetic survey completed at its highly prospective, 180km² Jangamo heavy mineral sands ('HMS') project ('Jangamo' or 'the Project'), located in a world-class mineral sands province in southern Mozambique. To view the release with the illustrative map please use the following link:\n \n \nHighlights:\n \n· Heliborne magnetic and radiometric survey completed and preliminary results have been received\n· Preliminary results highlight the potential for multiple, multi-kilometre long strandlines within the highly prospective dune systems in the eastern and western parts of the tenement\n· Re-worked strandlines are likely to carry higher grade HMS \n· Most of the newly identified potential strandlines have not yet been drill tested \n· Positive results from the airmagnetic survey confirm its effectiveness as an exploration tool to detect the geophysical signature of potential HMS strandline targets\n· Drill testing of these potential strandlines is underway\n· Final airmagnetic results are due for delivery towards the end of June 2014\n· World class province - Jangamo is adjacent to Rio Tinto's major Mutamba1 mineral sands deposit which, along with another licence area in Mozambique, has an exploration target of 7-12 billion tonnes at 3-4.5% THM\n \nSavannah's CEO, David Archer said, \"We are pleased to report that we continue to deliver on our enunciated milestones and timelines for our Jangamo Project.\n \n''The preliminary airmagnetic results are encouraging and will provide us with a better understanding of the prospective dune systems and our drillhole targeting. Significantly, we have identified multiple, multi-kilometre long potential strandlines which represent an excellent opportunity for us to discover high grade HMS within the Project area. \n \n''It is also important to not...